Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "William Grippin"


2 mentions found


UBS thinks it's time for investors to buy Sunnova Energy . Analyst William Grippin initiated coverage of the residential solar company with a buy rating and a $16 price target, which implies shares could gain 52.8% from Friday's close. Sunnova shares have struggled over the past year, losing more than 50%. The federal government provides ITC, or investment tax credits , to advance solar energy adoption through efforts that offset the upfront costs of solar installations, making solar energy more accessible for businesses and individuals. "However, on a 12-mo forward view, the residential solar market looks set for a recovery by 2H24, particularly if consumer funding costs ease."
Persons: William Grippin, Grippin, Sunnova, — CNBC's Michael Bloom Organizations: UBS, Sunnova Energy, NOVA, ITC Locations: Friday's, 1H24
UBS is initiating coverage of a key renewable energy company with a buy rating thanks to projects it's involved in that will benefit from the Biden administration's environmental efforts. The firm has a price target of $60 on Ameresco , which represents 47% upside against the stock's Monday closing price of $40.78. Ameresco is a diversified player in the renewable space with projects that range from solar power to landfill gas capture to battery storage. AMRC YTD mountain Shares of energy company Ameresco have declined roughly 18% from the start of 2023. "While this presents a near-term risk for AMRC, we ultimately expect the IRA to drive increased demand and lower project costs."
Total: 2